Ellison Guarantees $40.4B for Paramount's Warner Bros Bid
Update: 2025-12-22
Description
Larry Ellison, co-founder of Oracle, has personally guaranteed $40.4 billion for Paramount Skydances bid to acquire Warner Bros Discoverys assets, upping the offer to $108 billion. This move aims to thwart a potential deal with Netflix. The offer is now irrevocable, addressing board concerns, but regulatory hurdles and potential influence from Middle Eastern sovereign wealth funds may complicate the process. The high-stakes showdown continues, with more twists expected as shareholders and regulators weigh in.
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